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Compensation Analyst
$69k-84k (estimate)
Full Time 4 Days Ago
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Toyoda Gosei North American Corporation is Hiring a Compensation Analyst Near Troy, MI

Summary

The Toyoda Gosei Group is a leading global manufacturer of rubber and plastic automotive components, safety systems and LEDs. Globally Headquartered in Japan with a network of 67 group companies in 17 countries and regions, the Group brings its extensive range of products to customers all over the world.

Toyoda Gosei North America (headquartered in Troy, MI) has an opening for a Sr. Compensation Specialist in the Human Resources department. The Sr. Compensation Specialist functions with a high degree of autonomy, and is responsible for providing professional level compensation analysis and program management for Toyoda Gosei (TG) North America Corporation (TGNA), and providing compensation related support to TGNA Manufacturing Companies (NAMCs).

Primary Duties and Responsibilities

  • Validates job requirements by analyzing jobs, including interviewing knowledgeable persons; studying completed questionnaires; observing jobs being performed.
  • Defines and maintains jobs by writing job descriptions, job qualifications, and job evaluation documentation.
  • Perform compensation benchmarking for new hires, ensuring internal equity and market competitiveness
  • Establishes internal job equity by evaluating and ranking jobs.
  • Establishes external compensation equity by conducting pay surveys; analyzing pay data.
  • Participates in the development of and maintains pay structures by calculating pay grades and ranges.
  • Completes compensation reports by gathering and analyzing pay data.
  • Avoids legal challenges by complying with Federal, State, and local legal requirements; helping others comply.
  • Enforces merit-raise and incentive guidelines by comparing recommended pay raises and incentives with budget, notifying supervisors of variances.
  • Improves the effectiveness of and assists in the administration of the performance evaluation process.
  • Make recommendations for retention based, and severance packages.
  • Lead & support HR related projects as requested, determining detailed approach for executing the work and managing communications and delivery of key activities.
  • Monitor labor cost trend, and develop/revise labor cost budget annually and as needed.
  • Contribute to the development of communication strategy, policy and documents relating to compensation programs to ensure alignment with the company’s philosophy and values.
  • Drive optimization by being actively engaged in continuous improvement efforts (kaizen)
  • Improves compensation job knowledge by attending training sessions; reading technical publications.
  • This role requires the completion of other duties as assigned

Qualifications and Competencies

  • Bachelor degree in business required, focus in Human Resources preferred
  • Minimum of three years of experience in Human Resources including two years working directly in compensation is required
  • Proficiency using Microsoft Office [2007 or newer] and Advanced MS Excel skills are required
  • Ability to effectively manage projects and consistently meet deadlines is required
  • Effective verbal, non-verbal, negotiation and written communication skills are required
  • Sustaining a high degree of professionalism in interacting with internal and external customers is required
  • Effective attention to detail, problem solving, analytical and organizational skills is required
  • Exposure to the development of short and long-term strategy is preferred

Benefits (subject to eligibility):

  • Hybrid Work Style (if eligible)
  • Insurance (Health, Dental, Vision, Prescription Drug Program)
  • Company Paid STD, LTD, Life, and AD&D
  • Generous Employer Contribution to HSA
  • Short and Long Term Disability
  • 401K Company Match
  • Paid Time Off/Holidays
  • Free Employee Assistance Plan (EAP)
  • Reimbursement Programs (Cellphone, Tuition, Vehicle, etc.)
  • Multiple Free Wellness Programs Offered

Job Summary

JOB TYPE

Full Time

SALARY

$69k-84k (estimate)

POST DATE

05/26/2024

EXPIRATION DATE

07/25/2024

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The job skills required for Compensation Analyst include Job Evaluation, Benchmarking, Problem Solving, Microsoft Office, Competitiveness, Written Communication, etc. Having related job skills and expertise will give you an advantage when applying to be a Compensation Analyst. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Compensation Analyst. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Compensation Analyst positions, which can be used as a reference in future career path planning. As a Compensation Analyst, it can be promoted into senior positions as a Stock Plan Administrator III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Compensation Analyst. You can explore the career advancement for a Compensation Analyst below and select your interested title to get hiring information.